The stock of Ellie Mae Inc (NYSE:ELLI) is a huge mover today! The stock increased 4.82% or $3.95 on November 22, hitting $85.88. About 1.28M shares traded hands or 66.66% up from the average. Ellie Mae Inc (NYSE:ELLI) has declined 8.55% since April 20, 2016 and is downtrending. It has underperformed by 13.11% the S&P500.
The move comes after 6 months positive chart setup for the $2.87B company. It was reported on Nov, 22 by Barchart.com. We have $88.46 PT which if reached, will make NYSE:ELLI worth $86.10M more.
Ellie Mae Inc (NYSE:ELLI) Ratings Coverage
Out of 11 analysts covering Elli Mae (NYSE:ELLI), 7 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 64% are positive. Elli Mae has been the topic of 25 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The company was maintained on Thursday, October 29 by Barclays Capital. The stock of Ellie Mae Inc (NYSE:ELLI) has “Equal-Weight” rating given on Friday, April 29 by Stephens. The firm earned “Equal Weight” rating on Friday, July 29 by Barclays Capital. The rating was initiated by Pacific Crest with “Overweight” on Tuesday, September 6. The stock of Ellie Mae Inc (NYSE:ELLI) has “Mkt Perform” rating given on Friday, April 29 by FBR Capital. As per Tuesday, April 26, the company rating was maintained by Roth Capital. The stock has “Outperform” rating given by RBC Capital Markets on Friday, October 23. The stock has “Mkt Perform” rating given by FBR Capital on Friday, February 12. The stock of Ellie Mae Inc (NYSE:ELLI) has “Buy” rating given on Friday, July 31 by TH Capital. The firm earned “Outperform” rating on Thursday, October 29 by Oppenheimer.
According to Zacks Investment Research, “Ellie Mae, Inc. operates electronic mortgage origination networks in the United States. The Company’s network and technology-enabled solutions help streamline and automate the mortgage origination process. Solutions offered by Ellie include Encompass software, a comprehensive operating system that handles key business and management functions involved in running a mortgage origination business, and serves as a gateway to the Ellie Mae Network. Through its solutions the Company also offers services like: automated preparation of the disclosure and closing documents; electronic document management and websites and electronic connectivity. Ellie Mae, Inc. is headquartered in Pleasanton, California.”
Insitutional Activity: The institutional sentiment increased to 1.36 in Q2 2016. Its up 0.32, from 1.04 in 2016Q1. The ratio is positive, as 26 funds sold all Ellie Mae Inc shares owned while 69 reduced positions. 32 funds bought stakes while 67 increased positions. They now own 31.09 million shares or 5.73% more from 29.41 million shares in 2016Q1.
Moreover, New York State Common Retirement Fund has 0.06% invested in Ellie Mae Inc (NYSE:ELLI) for 417,194 shares. Counsel Portfolio reported 2,600 shares or 0.02% of all its holdings. Aqr Cap Management Ltd Liability Co has 39,763 shares for 0.01% of their US portfolio. Tci Wealth Advisors, a Arizona-based fund reported 110 shares. United Fincl Advisers Ltd Liability Corporation owns 2,342 shares or 0% of their US portfolio. Moreover, Tekne Capital Mgmt Ltd has 4.89% invested in Ellie Mae Inc (NYSE:ELLI) for 197,122 shares. Wellington Mngmt Group Inc Ltd Liability Partnership holds 0% or 48,149 shares in its portfolio. Eagle Asset Management Inc holds 0.35% of its portfolio in Ellie Mae Inc (NYSE:ELLI) for 553,475 shares. Hermes Invest Mngmt has 0.29% invested in the company for 155,266 shares. Geode Capital Mgmt Ltd holds 0.01% of its portfolio in Ellie Mae Inc (NYSE:ELLI) for 199,060 shares. Summit Creek Advisors last reported 182,974 shares in the company. Arcadia Inv Mi has 414 shares for 0.01% of their US portfolio. Sylebra Hk Com Limited accumulated 21.58% or 2.51 million shares. Principal Group holds 0% or 5,864 shares in its portfolio. Riverbridge Prtnrs Lc last reported 0.91% of its portfolio in the stock.
Insider Transactions: Since June 1, 2016, the stock had 0 buys, and 25 insider sales for $19.80 million net activity. $423,460 worth of Ellie Mae Inc (NYSE:ELLI) was sold by Luce Edgar. Shares for $318,952 were sold by Corr Jonathan on Wednesday, July 6. The insider HIRSCH PETER sold $177,103. 5,000 shares were sold by HU LIMIN, worth $478,165. 675 shares were sold by SCHREINER GATES CATHLEEN, worth $62,293. Levinson Marina sold $231,456 worth of stock. On Tuesday, August 9 Anderman Sigmund sold $5.32M worth of the stock or 55,000 shares.
More important recent Ellie Mae Inc (NYSE:ELLI) news were published by: Fool.com which released: “Why Ellie Mae Inc Stock Fell 8.6% Today” on November 14, 2016, also Fool.com published article titled: “Small Cap Low-Risk Pick No. 3: Ellie Mae Inc.”, Profitconfidential.com published: “Ellie Mae Inc: Housing Recovery Could Be Big Boost for ELLI Stock” on July 30, 2016. More interesting news about Ellie Mae Inc (NYSE:ELLI) was released by: Wsj.com and their article: “Which Tech IPO Has Surged 1271%? It Isn’t What You Think” with publication date: November 21, 2016.
ELLI Company Profile
Ellie Mae, Inc. (Ellie Mae), incorporated on October 14, 2009, is a well-known provider of on-demand software solutions and services for the residential mortgage industry in the United States. The Company’s Encompass all-in-one mortgage management solution provides one system of record that allows banks, credit unions, and mortgage lenders to originate and fund mortgages and improve compliance, loan quality, and efficiency.
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